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Robinhood lists Dogwifhat; will WIF hit $1?

By:
on Mar 1, 2024
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  • Robinhood quietly lists Dogwifhat (WIF), causing 12% surge.
  • Speculation rises for major exchange listings, including Coinbase.
  • WIF's popularity soars with 50,000% value surge since launch.

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In a surprising move, Robinhood Crypto Europe quietly added support for the Solana-based meme coin, Dogwifhat (WIF), causing a notable surge in its value.

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This listing, which follows the token’s impressive 323% gain in one month, marks another milestone for the fast-growing cryptocurrency.

Dogwifhat (WIF) price chart

Robinhood forays into the European market

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Despite the absence of a formal announcement, users of Robinhood’s European crypto platform can now trade Dogwifhat alongside other supported assets. The meme coin appears under the list of supported crypto on Robinhood’s European crypto platform.

This expansion aligns with Robinhood’s foray into the European market, reflecting a commitment to global cryptocurrency services.

The listing catapulted WIF’s price by nearly 12%, reaching $0.9411, according to CoinMarketCap data.

This move comes in the wake of Robinhood’s recent announcement allowing users to interact with Arbitrum, an Ethereum Layer 2 solution, showcasing the platform’s efforts to stay at the forefront of emerging trends.

Speculation of more Dogwifhat (WIF) listings

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The news of WIF’s listing on Robinhood has triggered speculation within the crypto community about potential listings on major cryptocurrency exchanges (CEX).

Notably, popular crypto influencer Hsaka hinted at a significant CEX listing for the meme coin, creating a buzz around its future prospects.

WIF, distinguished by its dog-themed branding featuring a canine adorned with a knitted hat, has already gained attention from major exchanges.

Binance, for instance, has taken steps by launching futures trading for WIF with leverage of up to 50x.

The sheer trading volume exceeding $1 billion for WIF further fuels speculation that other tier 1 exchanges, including Coinbase, might soon list the Solana-based token for spot trading.

With an extraordinary surge of over 50,000% in value since its December 2023 launch, WIF’s popularity extends beyond its meme status. The recent all-time high of $1.01, albeit forming a local top, underscores the market’s enthusiasm for this particular dog-themed cryptocurrency.

Going by the recent price surge, WIF could regain the $1 mark in March, especially if other tier 1 cryptocurrency exchanges lists the coin.

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